The great German hyperinflation during 1922-1923 can be attributed to the:
A) German government printing money to pay bills.
B) absence of financial intermediaries in Germany.
C) emergence of large number of monopolies in Germany.
D) economic policy that restricted the import of goods into Germany.
A
You might also like to view...
Define the aggregate production function. Discuss why the aggregate production function exhibits diminishing returns
What will be an ideal response?
An increase in the required reserve ratio will lead to a/an:
a. increase in the monetary base. b. increase in the money multiplier. c. increase in the money supply. d. both b and c. e. both a and c.
A ______ economy is an economy where government and the private sector together determine the allocation of resources.
a. traditional b. command c. mixed d. market
A union that pursued a policy of restricting entry over time into the union would
A) see real wages hold constant over time at whatever premium they could get initially. B) also have to negotiate to be sure that all the members were able to find jobs. C) generate rising real wages for its membership over time as long as demand for union workers increased over time. D) fail to obtain benefits for their workers in excess of what the workers would get under open markets.